The British Midlands
Business sectors within the region
Financial & Business Services
- The British Midlands offers close proximity to London, at a fraction of the cost
- A well-educated, skilled and flexible workforce means the skills you need are already in place
- The region’s central location allows easy access to all major UK and European destination
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The British Midlands is perfectly positioned to offer businesses an exciting and prosperous location. The region comprises a number of thriving cities, including Birmingham, the UK's second city, and Nottingham, which combine an extremely cost competitive, quality base and a ready supply of skilled people. Businesses located here can take advantage of an extremely competitive cost base when compared to the rest of the UK: |
- Average salary costs are 11% below the UK average, 40% below those of London and 15% below the South East average
- Average office costs are 21% below the UK average, 57% below those of London and 24% below the South East average
- Average house prices are 19% below the UK average, 58% below those of Londonand 35% below the South East.
There is also a ready supply of talent from the 18 universities in the region. Every year 100,000 students graduate from British Midlands universities to. Three of the region’s universities, Warwick, Birmingham and Nottingham, have also been ranked within the top 80 of the world’s best universities.
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The region's central location ensures easy access to all major UK and European destinations. Many parts of the British Midlands are just over one hour away from London with direct rail connections from all major towns and cities. There are also a wide range of direct flights from the international airports of Birmingham, East Midlands and Coventry to over 80 global destinations with Heathrow Airport also just over 2 hours away by car from the majority of the region. |
Cadbury Schweppes, Capital One, Experian, Rolls-Royce, Barclaycard, RBS-NatWest, Citigroup and MM Teleperformance are some of the biggest, most successful businesses in Europe – and they have all chosen the British Midlands as the location for their financial and professional services activities.
In addition to a diverse range of financial and professional services already located within the British Midlands, there is also a growing number of Asian and Islamic financial institutions who have recognised the growing significance and strength of this sector within a thriving and cosmopolitan region, and one which already has a long tradition of trading internationally.